Question

What rate gives ₹290 as interest on a sum of ₹58000 in 2 years
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Answer 1

Answer:

Step-by-step explanation:Simple Interest = (P*R*T)/100

Rs280 = 56000×x×2/100

Rs280 = 560×2x

280/ 560 = 2x

1/2 = 2x

1/2×2=x

1/4 = x

0.25 = x

Hence, the rate of interest on sum is 0.25%

Answer 2

Answer:

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Step-by-step explanation:

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